Sportradar Group (NASDAQ:SRAD) Price Target Raised to $35.00

Key Points

• JPMorgan Chase & Co. has raised its target price for Sportradar Group from $30.00 to $35.00, indicating a potential upside of 16.43% from the stock's previous close, maintaining an "overweight" rating.
• Sportradar Group's recent earnings report shows $0.17 earnings per share, surpassing estimates by $0.13, with revenue of $374.25 million, reflecting a 14.1% year-over-year increase.
• Analyst ratings for the stock include one Strong Buy, fourteen Buy, and four Hold ratings, resulting in a consensus rating of "Moderate Buy."

Sportradar Group (NASDAQ:SRAD - Free Report) had its target price increased by JPMorgan Chase & Co. from $30.00 to $35.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group upped their target price on Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Roth Capital assumed coverage on Sportradar Group in a report on Friday, September 12th. They set a "buy" rating and a $40.00 price target on the stock. Morgan Stanley boosted their price target on Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Needham & Company LLC lifted their target price on shares of Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Macquarie started coverage on shares of Sportradar Group in a research report on Friday, June 20th. They set an "outperform" rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Sportradar Group currently has an average rating of "Moderate Buy" and a consensus price target of $31.88.

Sportradar Group Price Performance

Shares of Sportradar Group stock traded up $1.19 during midday trading on Friday, hitting $30.92. 1,112,579 shares of the company traded hands, compared to its average volume of 1,671,282. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 85.78 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. The firm's fifty day moving average price is $29.96 and its 200-day moving average price is $25.97. Sportradar Group has a 12 month low of $11.72 and a 12 month high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The firm had revenue of $374.25 million for the quarter, compared to analyst estimates of $315.30 million. The company's quarterly revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Trading of Sportradar Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRAD. Two Sigma Investments LP increased its position in Sportradar Group by 134.9% in the 4th quarter. Two Sigma Investments LP now owns 534,270 shares of the company's stock valued at $9,264,000 after buying an additional 306,788 shares in the last quarter. Two Sigma Advisers LP grew its stake in Sportradar Group by 659.5% in the fourth quarter. Two Sigma Advisers LP now owns 168,600 shares of the company's stock valued at $2,924,000 after acquiring an additional 146,400 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Sportradar Group in the 4th quarter worth $6,801,000. Public Employees Retirement System of Ohio bought a new position in shares of Sportradar Group in the 4th quarter worth $3,100,000. Finally, Mackenzie Financial Corp bought a new position in shares of Sportradar Group in the 4th quarter worth $1,236,000.

Sportradar Group Company Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.